Core banking. Mobile financial services - General framework

Core banking. Mobile financial services - General framework

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1   Scope

This document defines the general framework of mobile financial services (payment and banking services involving a mobile device), with a focus on:
  1. a) a set of definitions commonly agreed by the international financial industry;
  2. b) the opportunities offered by mobile devices for the development of such services;
  3. c) the promotion of an environment that reduces or minimizes obstacles for mobile financial service providers who wish to provide a sustainable and reliable service to a wide range of customers (persons and businesses), while ensuring that customers’ interests are protected;
  4. d) the different types of mobile financial services accessed through a mobile device including mobile proximate payments, mobile remote payments and mobile banking, which are detailed in other parts of ISO 12812;
  5. e) the mobile financial services supporting technologies;
  6. f) the stakeholders involved in the mobile payment ecosystems.
This document includes the following informative annexes:
  • - an overview of other standardization initiatives in mobile financial services (Annex A);
  • - a description of possible mobile payment business models (Annex B);
  • - a description of typical payment instruments which may be used (Annex C).